But the deal is only on the market for the next seven days, meaning billpayers need to act quickly.
Ofgem’s energy price cap will fall from £1,849 to £1,730 from 1 July. But experts have warned that the cap is likely to rise again in October – meaning households can save money by switching to a fixed energy tariff now.
Ovo’s Extended Fixed 26 June 2025 works out to a typical bill of £1,670 per year, £50 cheaper than the current price cap. The tariff offers a 13-month fix.
MoneySuperMarket customers can save an extra £10 with the SuperSaveClub with a limited-time boost for customers switching to the exclusive deal.
The tariff also qualifies for the Ovo Beyond Rewards Program, giving members two hours of free electricity per week, as well as the Warm Homes Discount and Winter Fuel Payment scheme, for eligible customers.
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Kara Gammell, energy expert at MoneySuperMarket said: “While many households would have been celebrating the recent energy price cap cut, the reality is any excitement will likely be short-lived, with all expectations being that October will see yet another increase to energy bills across the country.
“The good news is that the energy market is more competitive now than it has been in years and customers who switch and fix… their tariff can save money against the current price cap and also safeguard themselves against a future increase later this year.
“If you’re looking to switch your energy provider, make sure the supplier you’re looking at is right for your circumstances, rather than simply focusing on price alone. For instance, not all suppliers on the market are part of the Warm Home Discount scheme, so those who are eligible for this scheme should make sure this will be offered with the new provider.”
